Stock trading can be an exciting game with high stakes. Some days, you could have the benefit of positive and satisfying numbers. On other days it could be the reverse and it can be extremely difficult to return to where you were at your most productive. If you are always in the mud You will need to recognize that relying on your instincts and preserving is not always enough.
If you’ve been incurring losses from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require an enormous boost from your trading partners from all over the world, which is why we’ve identified an online platform that will help you in your growth in the industry. In this review, we’ll be taking an in-depth look at Profit.ly A well-respected single-stop social platform to trade!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. To get a comprehensive overview of Profit.ly, you may still want to check out our article below.
Total Rating: 4.1/5 Timothy Sykes 7 Step Framework
Value: 4.1/5
Quality: 4.1/5
Costs: 4.1/5
Users Experience 4.5/5
Summary
Profit.ly is an online trading platform that permits traders of various levels to be informative, transparent, accountable, and encouraging one another through its wide range of features and tools including trade verification, chat rooms as well as an extensive library of educational material.
What is Profit.ly?
Profit.ly is a site for trading that serves both as a training and learning platform for those who are starting out and as a hub for traders who are experienced to monitor their performance using the aid of advanced analytics tools. Providing users with a wide variety of tools for communication and trade and letting traders from all walks of life network with one another. It also allows gurus to make worthy investments within the boundaries of the platform. Imagine it as the social media equivalent to Facebook and Reddit, but for traders and experts.
Profit.ly independently verifies trade performances and publishes all data of them in the manner of leaderboards. The platform’s trading model is based on trust and transparency. it makes sure that trades are valid and won’t accept fake news as long as possible. It was founded in the past by penny stock trade expert and investment expert Timothy Sykes, along with his colleague Michael Mosseri.
One time , during an interview for Forbes magazine, Sykes declared that Profit.ly was driven by its focus “on showing all trades, something that has never been done before.” This idea Sykes said served two goals: 1.) keeping track of public data for not just the gurus as well as newsletter writers and students and secondly) allowing all users to gain insight into the losses and wins to the benefit of the trading industry. Timothy Sykes 7 Step Framework
How Does It How Does It
Profit.ly is a subscription-based platform that lets stock traders have access to a range of tools and services that are geared toward achievement. You may set up an account for free, but you’re only limited to having the capability to browse the leaderboards and monitor the activities of people who aren’t gurus. If you’re looking to invest your money and see which stocks the gurus are trading in real time it is necessary to subscribe to any of Profit.ly’s offers, which we will review in the coming days.
Making an account simple: Create an account with your experience and skills, join to your brokerage account and you have yourself a chance to shoot your way to high on the leaderboard. Profit.ly’s leaderboard feature, as we’ve mentioned earlier it is designed to provide its users a glimpse of their performance as a trading group as well as its gurus. It’s not only a chance to show your worth to a group of traders, but you are also able to use Profit.ly to shop with a guru, and have the assurance that you’re confident with their expertise and the legitimacy of their assertions.
If you are unsure about the idea of divulging information about your account with a brokerage, then you could choose to publish your trades, whether verified or otherwise, through screenshots. Included in Profit.ly are the vast number of trading courses and the capability to see the stats of a trader’s account, and more ways to connect with your gurus through the chatroom in addition to notifications via email or text as well as updates.
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Meet Tim Sykes, the founder: Tim Sykes
Timothy Sykes is a well-renowned day trading guru who is famously known for delving his hands into trades in penny stocks. According to Investopedia, a penny stock refers to a small-sized company’s stock that trades for less than $5 per share. Penny stock trading could be viewed as a stepping stone for small businesses to transition to a large marketplace as it gives them access to funds from the general public. But don’t be mistaken – it can also be an extremely risky activity, as Sykes can surely tell because of his decades of expertise.
Since his initial beginnings at the end of his time in High School, Tim Sykes has, since then, earned more than $6 million in earnings during his long and successful career as a trader. At 25 years old, he had been given greater exposure and an even wider influence over time as a participant in the reality TV show “Wall Street Warriors.” He then used the opportunity to develop trading rooms as well as penny stock themes as well as educational content targeted at those who are just beginning to learn about the trading field. He also helped to establish Profit.ly as a platform for transparency, and for the community to uplift and compete with each other on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning sources, trade alerts and other useful stuff offered by the in-house experts of the platform. The gurus in question refer to the trading experts who have earned substantial profits from their combined years of experience. Timothy Sykes 7 Step Framework
At its height, Profit.ly had housed up to five gurus, each of them a pro in their niche in the trading industry. Some of the most famous experts included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce, among a few others. At the time of writing, there are only two gurus who remain on this platform: Founder as well as penny-stock trader Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account Let’s look at what packaged deals each guru has to offer.
From Tim Sykes: Tim’s Alerts
Sykes provides a basic stock trading service which focuses on penny-priced day trading with Tim’s Alerts. The cost is $74.95 monthly, you will observe him focus on fundamental stock catalysts and use them to predict the next moves that could occur when making trades.
A purchase on its own in Tim’s Alerts will get you access to the chatroom as well as the mobile app available for iOS as well as Android devices; email, text and push alerts as well as a daily watchlist of stocks.
From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the premium version, with an upgraded version of Tim’s Alerts package. At $149.95 for a month this is a great option for those who are involved in penny stock trading. Pennystocking Silver offers all the essential features that were included in earlier plans which includes alerts for swing trading and access to a rich library of more than 7,000 instructional videos and new videos released weekly.
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In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both tiny-cap massive stocks as well as wildly accurate marketing forecasts. In the time since the time he started trading, Superman has amassed over $5.5 million in total trading earnings. Timothy Sykes 7 Step Framework
The Superman Alerts package is his offer of the most essential features and trading alerts targeted toward those who may be interested. For $147 per month, you’ll gain an access to the day-to-day stock watchlist that is premarket along with the mobile app, the daily market updates in real-time, as well as SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For $247 per month, you can enjoy additional features, plus access to the extensive knowledge base provided by Superman himself through his Superman Pro package. Alongside the standard features that are included in the Alerts package, Superman Pro gives you weekly video lessonsthat include an ever-growing library of the previous ones. On top of that, you’ll also get the ability to access premium reports on research and an IPO and earnings tracker.
Profit.ly Programs and Costs
If you’re ready to join the online trading community and make a mark on the field, Profit.ly has the right amount of resources to help you up and running. The platform has three membership levels that cater to traders at different levels. Let’s look at what the three are and how much they will cost you.
Novice Plan
This package for novices is Profit.ly’s beginning-of-the-line plan specifically for those who are just beginning their journey to the trading world. When you sign up for this plan you’ll be offered a range of strong and indispensable trading tools, each of which is essential to keep your hands on what we can describe as a cutthroat process by itself.
Among the list of things you can accomplish using Profit.ly’s Novice package include the ability to confirm the results of your trades and track profit; leading, following and even texting your fellow traders; and leaving feedback on today’s trades. It also allows you to be onto leaderboards; study, sort, as well as filter trades; and lastly, look at other people’s statistics.
The Novice plan costs $29.95 per month. Although it looks attractive for the price alone but there’s a disadvantage. It isn’t possible to create a private profile, thus making your personal information public. If you do want to gain access to this feature, keep an eye on us as we present to you Profit.ly’s next strategy.
The Trader Plan
The Trader plan allows you to use the majority of features available in The Novice package. In this plan, that you can set up a private profile to share with other associate users all your knowledge and information you have gained from the trading community.
Priced at $49.95/month, Profit.ly’s Trader plan is exactly what it says catering to those who desire to harness their trading skills. Although it’s a nice thing however, there’s a crucial aspect that’s not included. As opposed to the prior Novice package, this one won’t be able to see other traders’ statistics, which might be a drawback for those who are eager to try this new tier. Timothy Sykes 7 Step Framework
Pro Plan
The Professional plan can be described as the highest expensive plan Profit.ly can offer to experienced traders. At $74.95 monthly, and 22% off for billing annually This plan offers everything. It gives you full, unlimited access to all features from the two previous plans combined.
In addition, you’ll be able to look at other people’s statistics, but you’re also given the opportunity to create an individual profile. Both of these features, plus the other benefits that you can use to their fullest capacity. If you’re in search of an account that will give you with everything you require as a skilled trader, maybe the Pro level is the right choice for you!
Profit.ly’s Other Services
Apart from the tools for training and Leaderboards Profit.ly provides a variety of additional services that it can offer. One of them is the online store, which lets users pick from a range of instructional videos that are that are designed to educate and provide guidance on the ins and outs of trading. Each of the offerings listed in this section of the website is available to be purchased immediately for personal use. These include best-selling products like”Trading Tickers, “Trading Tickers” series by trading professional Tim Grittani, Timothy Sykes’s collection of DVDs and streaming-only content about penny stocking, short stocking, as well as all aspects of trading. There are also clips and footage from the Annual Pennystocking Conference, and products from other expert traders.
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Chat rooms integrated into Profit.ly are also part of Profit.ly’s array of services and features. You are probably familiar with the concept of the chat room since you can find it throughout social and messaging platforms as well as some specialty websites that provide live chat assistance. But on Profit.ly it’s seen as a real-time space where experts and their members can interact and learn in real time. Every guru has their own style in running their chat rooms and in dealing with the members there. One of them may be a laid-back person who is rarely active, while another might be more online and communicative to their pupils. Think of chat rooms as Profit.ly’s version of the forum in its essence.
Who is the best trader to Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, ranging from beginners to experienced pros. Considering the number of offers it can provide, the platform surely has something for all.
Newbies, for instance, can take advantage of Profit.ly’s library of learning materials available across the platform. Not only will they get daily videos and chat room advice from its in-house gurus as well as their members. Additionally, they can select from the products in its online store for them to take wherever they go. Additionally, they can gain practical experiences from trading within the platform, however they’ll be able to realize that this is a high-stakes game that shouldn’t be treated as an amusing pastime.
For those traders who have had decades of experience in the line, we believe Profit.ly equally suitable for them as it is for people who are just beginning. While the newbies may not be as proficient in handling trading matters however, experienced traders know how it works and the plethora of risks associated with it. In the ideal scenario, they can make use of Profit.ly’s range of features to their full advantage to develop their trading abilities. Like novices, they can learn from the top experts and experts , and use those quick tips and tidbits along the way.
Profit.ly’s “all-inclusive” nature doesn’t just apply to newbies as well as semi-seasoned traders. Experts who have been verified can also participate in the fun! Those in the trading industry who are at an equal level with Superman or Tim Sykes can also use the power of Profit.ly’s capabilities to display their expertise to other traders as a way to help guide them through the ever-illustrious trading process. Timothy Sykes 7 Step Framework
Profit.ly’s Pros and Pros and
The Pros
- Profit.ly’s many capabilities as a “one-stop” stock trading platform allows traders across the globe with an abundance of knowledge, communication, and trading tools
- You’ll be taught by experts and tips from the in-house gurus, including video libraries that teach you how to learn and real-time trading activities
- You’re assured of transparency throughout Profit.ly with precise analytics as well as fellow traders that are waiting to reach you out if something occurs.
- The leaderboard feature on the platform gives you the opportunity to increase your credibility as a trustworthy and authentic trader
- In addition to its primary features, Profit.ly also gives its users extra options to suit their preferences, such as posting unauthentic trades via images
- Profit.ly’s variety of packages and subscription levels are priced at affordable rates – there truly is something for everyone
The Cons
- Profit.ly’s abundance of packages and services offered could be too much for most of its users
- As traders may opt to post any kind of trade, there is an opportunity that some them may take advantage by picking the most profitable trades to boost their rating this could be a concern that should not be simply overlooked
- Profit.ly does not offer refunds as its premium users are expected to immediately take advantage of the numerous services the platform has to provide
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The Final Verdict The Final Verdict: Is Profit.ly Valued?
If we could think of the answer, it’s a ‘yes’. But it is important to realize that it shouldn’t be treated as a scheme to get rich quick. The platform wasn’t originally meant to be designed for this reason. Instead, you need to have curiosity. Timothy Sykes 7 Step Framework
What we do mean”yes” is that it could be a useful learning tool. People who are stuck might discover Profit.ly’s array of resources useful when they try their best to reduce losses and perform better than they did before. Not only struggling traders who will benefit from this platform. It is able to accommodate novices and even experts in the field!
If you truly want to become more successful in trading and would like to learn from your peers and experts on the way, you should look no further than Profit.ly. Profit.ly could be a good alternative to start.
FAQ Timothy Sykes 7 Step Framework
How do you use Profit.ly to publish your trades?
Profit.ly offers the option of allowing trade entries within the My Trade section of the dashboard which lets you record your trades, either verified or otherwise. You may choose between three choices:
- Connecting your account to your brokerage of choice and then importing transactions directly through there
- Manually entering your trades using provided spaces and specifics
- Send a screen shot of your transactions
How do I know whether the trade can be verified or not?
If you import your trade through a reliable brokerage, there’s an excellent chance that it is verifiable. This is indicated with the small blue check. If you post the information manually or via screenshots, it will automatically be classified as unverified.
The downside of having an unverified trade is the possibility of receiving downvotes from colleagues. If you receive too many negative votes, it could cause you to show up on the Madoff leaderboard, which is where the public can detect who’s being untruthful in submitting trades.
Is the Profit.ly mobile application still available?
At the time of writing, Profit.ly is still available to download from the Apple App Store and the Google Play store. The mobile app version works with all operating tablets and smartphones.
How many people are using Profit.ly?
Profit.ly currently houses over 150,000 traders and investors, as they not only are seeking to make the most profit but also help each other learn and improve in acquiring opportunities on the stock market all over the world.
